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In a message dated 02/24/2000 11:02:30 PM Pacific Standard Time,
bnm03@xxxxxxx writes:
<< This time I'm having a hard time
rationalizing the logic behind the way TS4 fills Limit orders in EL. Maybe
someone on this list knows what's going on and can enlighten me or at least
confirm that TS4 is messed up. Here's what's happening:
Take a 5 minute chart of your favorite NASDAWG stock. Any stock will do.
Then place limit orders to buy the low of L[0] + 1/6 above. So the EL
statement would look something like this (assuming all vars are defined,
etc.)
buyPrc = L + 0.0625
Buy ("B1") At buyPrc Limit; >>
I had a similar problem that was discussed a couple weeks ago on the group.
My orders were buy stops where I was buying end of day at the High plus .125,
but TS 4 was first rounding the high up to the nearest 8th and only then
adding the additional 1/8th. What I had to do was change the minimum move of
each of my stocks in each stock's setting tab. Change the minimum from 125
(which is 1/8th) to 625 (which is 1/16th) and then change the price scale
from 1/1000 to 1/10000.
See if that works.
I'm still trying to understand how TS 4 fills its sell stop exit orders. I'm
using Average True Range multiples to exit and TS is doing some weird
rounding up and down that I haven't figured out yet. Anyone know anything
about that?
Jim
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